HBC FOUNDATION INC: Form 990PF, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- HBC FOUNDATION INC (EIN 27-1146835)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-11-13
- IRS object ID
- 201203189349100220
- Schema version
- 2011v1.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-11-13T08:24:16-08:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Austin Bovay & Gillman PA | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 901 NW 57th Street | AddressLine1 |
| City | Gainesville | City |
| State | FL | State |
| ZIP Code | 32605 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnType |
| Tax Period Begin Date | 2011-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 271146835 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HBC Foundation Inc | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | HBCF | NameControl |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 901 NW 57th Street | AddressLine1 |
| City | Gainesville | City |
| State | FL | State |
| ZIP Code | 32605 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | John C Bovay | Name |
| Title | Director | Title |
| Date Signed | 2012-11-13 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Laura L Gillman | Name |
| Phone | 3523317373 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exempt PF | X | ExemptPF |
| FMV Assets EOY | 15708 | FMVAssetsEOY |
| Method Of Accounting Cash | X | MethodOfAccountingCash |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Received Rev And Expnss | 37261 | ContriReceivedRevAndExpnss |
| Interest On Savings Rev And Expnss | 4 | InterestOnSavingsRevAndExpnss |
| Interest On Savings Net Invst Incm | 4 | InterestOnSavingsNetInvstIncm |
| Total Revenue And Expenses | 37265 | TotalRevenueAndExpenses |
| Total Net Investment Income | 4 | TotalNetInvestmentIncome |
| Accounting Fees Rev And Expnss | 2000 | AccountingFeesRevAndExpnss |
| Accounting Fees Dsbrs Chrtbl Prps | 2000 | AccountingFeesDsbrsChrtblPrps |
| Tot Opr Expenses Rev And Expnss | 2000 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 0 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 2000 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 26810 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 26810 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 28810 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 0 | TotalExpensesNetInvstIncm |
| Total Expenses Dsbrs Chrtbl Prps | 28810 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | 8455 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 4 | NetInvestmentIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Savings And Temp Cash Invst BOY | 7253 | SavingsAndTempCashInvstBOY |
| Savings And Temp Cash Invst EOY | 15708 | SavingsAndTempCashInvstEOY |
| Savings And Temp Cash Invst EOYFMV | 15708 | SavingsAndTempCashInvstEOYFMV |
| Total Assets BOY | 7253 | TotalAssetsBOY |
| Total Assets EOY | 15708 | TotalAssetsEOY |
| Total Assets EOYFMV | 15708 | TotalAssetsEOYFMV |
| Total Liabilities EOY | 0 | TotalLiabilitiesEOY |
| Org That Do Not Follow SFAS117 | X | OrgThatDoNotFollowSFAS117 |
| Retained Earnings BOY | 7253 | RetainedEarningsBOY |
| Retained Earnings EOY | 15708 | RetainedEarningsEOY |
| Total Net Assets BOY | 7253 | TotalNetAssetsBOY |
| Total Net Assets EOY | 15708 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 7253 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 15708 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | 7253 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | 8455 | ExcessOfRevenueOverExpenses |
| Subtotal | 15708 | Subtotal |
| Total Net Assets Fund Balances EOY | 15708 | TotalNetAssetsFundBalancesEOY |
Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable For4942 Tax | false | LiableFor4942Tax |
| Qualifying Distributions Year1 | 8000 | QualifyingDistributionsYear1 |
| Noncharitable Assets Year1 | 5676 | NoncharitableAssetsYear1 |
| Distribution Ratio Year1 | 1.40944 | DistributionRatioYear1 |
| Total Distribution Ratio | 1.40944 | TotalDistributionRatio |
| Average Distribution Ratio | 1.40944 | AverageDistributionRatio |
| Net Noncharitable Assets | 10193 | NetNoncharitableAssets |
| Adjusted Noncharitable Assets | 14366 | AdjustedNoncharitableAssets |
| Adj Nonchrtbl Assets And One | 14366 | AdjNonchrtblAssetsAndOnePct |
| Qualifying Distributions | 28810 | QualifyingDistributions |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | X | DomesticOrgMeetingSect4940e |
| Investment Income Excise Tax | 0 | InvestmentIncomeExciseTax |
Statements Regarding Activities StatementsRegardingActivities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Activities | false | LegislativePoliticalActivities |
| More Than100 Spent | false | MoreThan100Spent |
| Form1120 POL Filed | false | Form1120POLFiled |
| Activities Not Prev Reported | false | ActivitiesNotPrevReported |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylaws |
| Unrelated Bus Income Over1000 | false | UnrelatedBusIncomeOver1000 |
| Form990 T Filed | false | Form990TFiled |
| Termination Etc | false | TerminationEtc |
| Requirements Of Sect508e | true | RequirementsOfSect508e |
| At Least5000 In Assets | true | AtLeast5000InAssets |
| States Filed With | FL | StatesFiledWith |
| Form990 PF Filed With AG | true | Form990PFFiledWithAG |
| Private Operating Foundation | false | PrivateOperatingFoundation |
| New Substantial Contributors | true | NewSubstantialContributors |
| Interest In Controlled Entity | false | InterestInControlledEntity |
| Applicable Insurance Contract | false | ApplicableInsuranceContract |
| Comply With Public Inspection Rqr | true | ComplyWithPublicInspectionRqr |
| Website Address | N/A | WebsiteAddress |
Books In Care Of Business Name BooksInCareOfBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Laura L Gillman | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Books In Care Of Phone Number | 3523317373 | BooksInCareOfPhoneNumber |
Books In Care Of US Address BooksInCareOfUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 901 NW 57th Street | AddressLine1 |
| City | Gainesville | City |
| State | FL | State |
| ZIP Code | 326056416 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Bank | false | ForeignBank |
Statements Regarding Acty4720 StatementsRegardingActy4720
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exchange With Dsqfly Person | false | SaleOrExchangeWithDsqflyPerson |
| Borrow Or Lend With Dsqfly Person | false | BorrowOrLendWithDsqflyPerson |
| Furnished Goods With Dsqfly Person | false | FurnishedGoodsWithDsqflyPerson |
| Pay Compensation To Dsqfly Person | false | PayCompensationToDsqflyPerson |
| Transfer Assets To Dsqfly Person | false | TransferAssetsToDsqflyPerson |
| Payment To Government Offical | false | PaymentToGovernmentOffical |
| Acts Fail To Qualify As Exceptions | false | ActsFailToQualifyAsExceptions |
| Uncorrected Prior Acts | false | UncorrectedPriorActs |
| Undistributed Income Prior Years | false | UndistributedIncomePriorYears |
| Undistr Income4942a2 Not Applied | false | UndistrIncome4942a2NotApplied |
| Business Holdings | false | BusinessHoldings |
| Excess Business Holdings | false | ExcessBusinessHoldings |
| Jeopardy Investments | false | JeopardyInvestments |
| Uncorrected Jeopardy Investments | false | UncorrectedJeopardyInvestments |
| Influence Legislation | false | InfluenceLegislation |
| Influence Election | false | InfluenceElection |
| Grants To Individuals | false | GrantsToIndividuals |
| Grants To Organizations | false | GrantsToOrganizations |
| Noncharitable Purpose | false | NoncharitablePurpose |
| Tr Fail To Qualify As Exceptions | false | TrFailToQualifyAsExceptions |
| Maint Expend Responsibility | false | MaintExpendResponsibility |
| Rcv Funds To Pay Prsnl Bnft Contract | false | RcvFundsToPayPrsnlBnftContract |
| Pay Premiums Prsnl Bnft Contract | false | PayPremiumsPrsnlBnftContract |
| Prohibited Tax Shelter Transactn | false | ProhibitedTaxShelterTransactn |
| Proceeds Or Net Income | false | ProceedsOrNetIncome |
Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo
Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (5 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | TitleTitle | Avg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPosition | CompensationCompensation |
|---|---|---|---|---|---|---|
| John C Bovay | ||||||
| 901 NW 57th Street | Gainesville | FL | 32605 | Director | 0.00 | 0 |
| Scott Spurrier | ||||||
| 117 Tyron Street | Columbia | SC | 29201 | Director | 0.00 | 0 |
| Amy Moody | ||||||
| 101 Rue Bacage | Lynn Haven | FL | 32444 | Director | 0.00 | 0 |
| Pat Bouthiller | ||||||
| 9995 Gate Park North Suite 300 | Jacksonville | FL | 32246 | Director | 0.00 | 0 |
| James Speronis | ||||||
| 1125 George Rogers Boulevard | Columbia | SC | 29208 | Director | 0.00 | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Highest Paid Empl NONE | NONE | CompOfHighestPaidEmplNONE |
| Comp Of Hghst Paid Cntrct NONE | NONE | CompOfHghstPaidCntrctNONE |
Minimum Investment Return MinimumInvestmentReturn
| Field | Value | IRS element (for citing) |
|---|---|---|
| Avg Monthly FMV Of Securities | 0 | AvgMonthlyFMVOfSecurities |
| Avg Monthly Cash Balances | 10348 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 0 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 10348 | TotalFMVOfUnusedAssets |
| Reduction Claimed | 0 | ReductionClaimed |
| Adj Total FMV Of Unused Assets | 10348 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 155 | CashDeemedCharitable |
| Net Noncharitable Assets | 10193 | NetNoncharitableAssets |
| Minimum Investment Return | 510 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | 510 | MinimumInvestmentReturn |
| Distributable Amount Before Adj | 510 | DistributableAmountBeforeAdj |
| Distributable Amount Before Ded | 510 | DistributableAmountBeforeDed |
| Distributable Amount As Adjusted | 510 | DistributableAmountAsAdjusted |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 28810 | ExpensesAndContributions |
| Qualifying Distributions | 28810 | QualifyingDistributions |
| Adj Qualifying Distributions | 28810 | AdjQualifyingDistributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable Amount As Adjusted | 510 | DistributableAmountAsAdjusted |
| Excess Distri Carryover Year1 | 7716 | ExcessDistriCarryoverYear1 |
| Total Excess Distri Carryover | 7716 | TotalExcessDistriCarryover |
| Qualifying Distributions | 28810 | QualifyingDistributions |
| Treated As Distri From Corpus | 0 | TreatedAsDistriFromCorpus |
| Applied To Current Year | 510 | AppliedToCurrentYear |
| Remaining Distri From Corpus | 28300 | RemainingDistriFromCorpus |
| Total Corpus | 36016 | TotalCorpus |
| Undistributed Income CY | 0 | UndistributedIncomeCY |
| Excess Distri Cyov To Next Year | 36016 | ExcessDistriCyovToNextYear |
| Excess From Year1 | 7716 | ExcessFromYear1 |
| Excess From Current Year | 28300 | ExcessFromCurrentYear |
Supplementary Information SupplementaryInformation
Appication Submission Info AppicationSubmissionInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Name | James Speronis | RecipientName |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1125 George Rogers Boulevard | AddressLine1 |
| City | Columbia | City |
| State | SC | State |
| ZIP Code | 29208 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone Number | 8037770230 | RecipientPhoneNumber |
| Form And Info And Materials | Written request | FormAndInfoAndMaterials |
| Submission Deadlines | None | SubmissionDeadlines |
| Restrictions On Awards | None | RestrictionsOnAwards |
Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (12 entries)
| Address Line1RecipientUSAddress/AddressLine1 | CityRecipientUSAddress/City | StateRecipientUSAddress/State | ZIP CodeRecipientUSAddress/ZIPCode | Recipient RelationshipRecipientRelationship | Recipient Foundation StatusRecipientFoundationStatus | Purpose Of Grant Or ContributionPurposeOfGrantOrContribution | AmountAmount |
|---|---|---|---|---|---|---|---|
| Holy Nativity Episcopal School | |||||||
| 205 Hamilton Avenue | Panama City | FL | 32401 | None | 501(c)(3) | To support the school's technology program | $2,000 |
| Carolina Children's Home | |||||||
| 3201 Trenholm Road | Columbia | SC | 29204 | None | 501(c)(3) | To support the mission of meeting the underserved mental and physical health needs of children, young adults and their families | $1,000 |
| Special Olympics | |||||||
| 1276 Assembly Street | Columbia | SC | 29201 | None | 501(c)(3) | To support the mission of providing year-round sports training and athletic competition to the intellectually disabled | $1,000 |
| Rock Hill School District Foundatio | |||||||
| PO Box 12286 | Rock Hill | SC | 29731 | None | 501(c)(3) | To support the Foundation's initiative, "Back the Pack" that provides food for malnourished students | $1,000 |
| American Red Cross | |||||||
| 2751 Bull Street | Columbia | SC | 29201 | None | 501(c)(3) | To provide relief to victims of disasters | $3,000 |
| Palmetto Health Foundation | |||||||
| 1600 Marion Street | Columbia | SC | 29202 | None | 501(c)(3) | Cancer research | $7,810 |
| Harvest Hope Food Bank | |||||||
| 2220 Shop Road | Columbia | SC | 29201 | None | 501(c)(3) | To aid in the mission of ending local hunger | $1,000 |
| Epworth Children's Home | |||||||
| 2900 Millwood Avenue | Columbia | SC | 29205 | None | 501(c)(3) | To provide child care services such as food, clothing and supervision | $1,000 |
| SC Coalition Against Domestic Viole | |||||||
| 1320 Richland Street | Columbia | SC | 29201 | None | 501(c)(3) | To aid in the mission of providing support programs and education for domestic violence and sexual assualt | $1,000 |
| Palmetto Health Foundation | |||||||
| 1600 Marion Street | Columbia | SC | 29202 | None | 501(c)(3) | Breast Cancer Fund | $1,500 |
| Palmetto Health Children's Hospital | |||||||
| 7 Richland Medical Park | Columbia | SC | 29203 | None | 501(c)(3) | To aid in children's cancer research | $5,000 |
| Palmetto Health Foundation | |||||||
| 1600 Marion Street | Columbia | SC | 29202 | None | 501(c)(3) | Camp Kemo - Summer camp for cancer patients | $1,500 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Grant Or Contri Paid During Year | 26810 | TotGrantOrContriPaidDuringYear |
Analysis Income Producing Acty AnalysisIncomeProducingActy
Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $4 | ExclusionAmount |
Subtotals Part XVIA SubtotalsPartXVIA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $4 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Part XVIA | 4 | TotalPartXVIA |
Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Noncharitable EO | false | TrnsfrOfCashToNoncharitableEO |
| Trnsfr Oth Assets Noncharitable EO | false | TrnsfrOthAssetsNoncharitableEO |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssets |
| Purchase Assets Noncharitable EO | false | PurchaseAssetsNoncharitableEO |
| Rental Of Facilities Etc | false | RentalOfFacilitiesEtc |
| Reimbursement Arrangements | false | ReimbursementArrangements |
| Loans Or Loan Guarantees | false | LoansOrLoanGuarantees |
| Performance Of Services Etc | false | PerformanceOfServicesEtc |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtc |
| Relationships Noncharitable E Os | false | RelationshipsNoncharitableEOs |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | X | Organization501c3ExemptPF |
| General Rule | X | GeneralRule |
Contributor Info ContributorInfo (2 entries)
| Contributor NumberContributorNumber | Contributor Name IndividualContributorNameIndividual | Address Line1ContributorAddressUS/AddressLine1 | CityContributorAddressUS/City | StateContributorAddressUS/State | ZIP CodeContributorAddressUS/ZIPCode | Aggregate ContributionsAggregateContributions | Person Contribution TypePersonContributionType |
|---|---|---|---|---|---|---|---|
| 2 | SWS Charitable Foundation Inc | 1600 NW 163rd Street | Miami | FL | 33169 | 18162 | X |
| 1 | Palmetto Health Foundation | 1600 Marion Street | Columbia | SC | 29202 | 15810 | X |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees AccountingFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Accounting Fees | Category |
| Amount | $2,000 | Amount |
| Net Investment Income | 0 | NetInvestmentIncome |
| Adjusted Net Income | 0 | AdjustedNetIncome |
| Disbursements Charitable Prps | 2000 | DisbursementsCharitablePrps |
Substantial Contributors Sch SubstantialContributorsSch
Substantial Contributor SubstantialContributor (2 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode |
|---|---|---|---|
| SWS Charitable Foundation Inc | |||
| 1600 NW 163rd Street | Miami | FL | 33169 |
| Palmetto Health Foundation | |||
| 1600 Marion Street | Columbia | SC | 29202 |